A trading cryptocurrency guide must provide reviews of all of the top crypto exchanges out there, so that you can find the best cryptocurrency exchange site for you. This review of QBTC consists of four parts: general information, fees, deposit methods and security.
QBTC is a cryptocurrency exchange registered in the Cayman Islands. The company running the exchange is Cupid Network Technology Ltd. Another extremely popular exchange registered in the Cayman Islands is Cobinhood.
QBTC does not list US-investors as prohibited from trading. However, US-investors should do their own independent assessment of any problems arising from their residency or citizenship.
QBTC Trading View
Different exchanges have different trading views. And there is no “this overview is the best”-view. You should yourself determine which trading view that suits you the best. What the views normally have in common is that they all show the order book or at least part of the order book, a price chart of the chosen cryptocurrency and order history. They normally also have buy and sell-boxes. Unfortunately, we have not been able to access the trading view of QBTC. We will post the trading view here as soon as we succeed in obtaining a picture of it. In the meantime, we apologize for any inconvenience.
QBTC Trading fees
This Cayman Island coin exchange doesn’t charge different fees between takers and makers. Their fee model is instead something called a “flat fee model”. For investors who prefer to pick-up existing orders from the order book, this might be an attractive trading fee model. The flat fee here is 0.20%. This is in line with – even slightly below – the global industry average. Global industry average is arguably around 0.25%.
QBTC Withdrawal fees
Many exchanges have competitive trading fees but then hit you on the way out with their withdrawal fees. Let’s say you have reached your investment goals and you are looking to buy house with bitcoin. In order to buy that house, you need to withdraw the funds. And when doing so, the exchange can make up for its low trading fees by charging you high withdrawal fees when you’re halfway out the door.
QBTC charges a withdrawal fee amounting to 0.001 BTC when you withdraw BTC. This is not a competitive withdrawal fee per se, but it is not a deterrent one either. You could say that it is in line with the industry average.
At QBTC, you can deposit through both wire transfer and credit cards. This can be helpful especially for newer crypto investors.
It might be the case that the relevant card you want to deposit from needs to be from a specific country. In spite of investigating this issue, we have not been able to find an answer to it. Accordingly, we urge you to form your own opinion on this if the availability or non-availability of credit card deposits is relevant to you.
QBTC’s security score is F, when performing the test at Observatory by Mozilla (https://observatory.mozilla.org/). This is below the industry average when it comes to the top crypto exchanges.
As mentioned above, this exchange supports credit card deposits (alone or through the use of any of its associated payment service providers). Other cryptocurrency exchanges that also have this option include: